Our initial goal has been to buy a property every time the Army relocates me (roughly every two years) and rent it out afterward.

., 10-day notice to pay or vacate for nonpayment of rent).

It is a duplex and I live in one side and rent out the other. 

I personally use 40% but I'm also in a higher rent area.

Purchase price: $3,636,000 Cash invested: $700,000 This is a brand new 40 home build to rent manufactured housing community.

I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

Just keep in mind the process can take a little longer since you’d need to work with contractors and follow FHA’s requirements.4.Your End Game: Whether you’re planning to stay long-term, rent it out, or sell once the work is done, it’s important to have your exit strategy mapped out.

I lived for free for a couple years, while collecting rent checks. 

We do tend to know what appropriate rents are for the different times of year, although you can't hold to those permanently. 

When looking at properties in other cities, I usually start by researching market trends like price-to-rent ratios, crime rates, and growth potential.